Question
If selling, general and administrative expenses decline for a business, gross profit ___________ operating income ___________. A. increase; increases B. declines; declines C. remain unchanged;
If selling, general and administrative expenses decline for a business, gross profit ___________ operating income ___________.
A. increase; increases
B. declines; declines
C. remain unchanged; increases
D. increases; remains unchanged
E. None
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Inside Private Equity
Authors: James M. Kocis, James C. Bachman IV, Austin M. Long III, Craig J. Nickels
1st Edition
0470421894, 978-0470421895
